So she's capped at $9,000 (3% of $300k) annually for her salary? I'm confused but curious...
Someone told me this hack at Hustle Con. Sounds too good to be true: She owns a business. Gets 3% cashback on her credit card up to $300k. Instead of paying herself a salary, she pays herself a portion of that $300k and it's tax free personal income. Anyone know about this?
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$300k is the 3%. So she spends $10m on her company card.
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What credit card is she using?!?
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Capital one
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I mean 3% on 300K is 9K so...
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It’s 3 on 10m
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Definitely taxable
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I haven't read this entire thing yet. But it might not be: https://www.irs.gov/pub/irs-wd/1027015.pdf …
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The "I read for 30 seconds" says she's right. That's... amazing.https://www.creditcards.com/credit-card-news/rewards-points-bonus-taxable.php …
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